Blog posts tagged by tag: Israel
Israel’s economy has certainly come a long way since the country’s foundation in the post-WW2 years. But has it earned its title as the “land of milk and honey"?
On many accounts, Israel has enjoyed an enviable economic trajectory in recent years. From 2010 to 2018 growth averaged 3.8%, while the public debt-to-GDP ratio fell by around ten percentage points. However, the country now faces important challenges, including how to better integrate its Haredi and Arab communities into the labor force, rein in a bulging fiscal deficit, and restore some semblance of political stability in a fractured Knesset—a government is yet to be formed following inconclusive elections in September. To discuss these issues and more, we spoke to Gil M. Bufman, Chief Economist at Bank Leumi.
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